Oracle Corporation (ORCL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $42 . RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Oracle Corporation. Shares were Reiterated by Stifel on Sep 23, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $48 .Shares were Reiterated by RBC Capital Mkts on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .Shares were Reiterated by BMO Capital Markets on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $47 .
On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.
Oracle Corporation opened for trading at $38.9 and hit $39.49 on the upside on Tuesday, eventually ending the session at $39.3, with a gain of 0.69% or 0.27 points. The heightened volatility saw the trading volume jump to 1,06,44,622 shares. Company has a market cap of $161,349 M.
Investors should note that on Sep 15, 2016, Oracle Corporation announced a cash dividend of $0.1500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 26, 2016.
In a different news, on Sep 23, 2016, Dorian Daley (EVP, Gen’l Counsel, Secretary) sold 16,065 shares at $39.61 per share price. According to the SEC, on Sep 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $40.16 per share price. On Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Companys offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services